When contract terms prohibiting the assignment of rights exist, most courts will:
a. strictly construe them.
b. interpret a general term prohibiting assignments as a mere promise not to assign.
c. award the obligor a right to damages for the breach of the terms forbidding the assignment.
d. All of these.
d
You might also like to view...
The manager of employee and industrial relations helps to settle employee complaints and grievances
Indicate whether the statement is true or false
The deadweight loss of a tariff is
a. a welfare loss since it promotes inefficient production. b. a welfare loss since it reduces the revenue for the government. c. not a welfare loss because society as a whole doesn't pay for the loss. d. not a welfare loss since only business firms suffer revenue losses.
In good faith, Clinton gave Jane $500 for a negotiable promissory note made out to Jane for $550. She needed some money before the due date on the note, and Clinton had no notice of outstanding claims or other defects of the note. Clinton A)has more rights than Jane
B)has the same rights as Jane. C)has only conditional rights because they depend on Jane's rights. D)cannot transfer the note to anyone else.
To lessen the impact of catastrophic losses, many insurers use all the following except:
A) contingent surplus notes B) catastrophe bonds C) forward purchase options D) exchange traded options